Alcoa (AA) Stock Price, News & Analysis

Company Overview

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses. The company offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets; and flat-rolled aluminum in the form of sheet, which is sold primarily to customers that produce beverage and food cans. In addition, it owns hydro power plants that generates and sells electricity in the wholesale market to traders, large industrial consumers, distribution companies, and other generation companies. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. The company was founded in 1886 and is headquartered in Pittsburgh, Pennsylvania.

Key Stats

• Today's Range: $36.28 to $38.30
• 50-Day Range: $36.62 to $47.42
• 52-Week Range: $24.86 to $47.77
• Volume: 8.53 million shs
• Average Volume: 5.73 million shs
• Market Capitalization: $9.78 billion
• P/E Ratio: N/A
• Dividend Yield: 1.06%
• Price Target: $46.73
• Consensus Rating: Moderate Buy

Alcoa Stock Analysis - MarketRank™

Alcoa scored higher than 93% of companies evaluated by MarketBeat, and ranked 18th out of 177 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Alcoa has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Alcoa has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 273.33%

Earnings Growth

Earnings for Alcoa are expected to grow by 273.33% in the coming year, from $0.90 to $3.36 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Alcoa is -21.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Alcoa is -21.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Alcoa has a PEG Ratio of 0.79. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Alcoa has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.27% of the outstanding shares of Alcoa have been sold short.

Short Interest Ratio / Days to Cover

Alcoa has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Alcoa has recently decreased by 3.98%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Alcoa pays a meaningful dividend of 1.09%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Alcoa does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Alcoa will have a dividend payout ratio of 11.90% next year. This indicates that Alcoa will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -5.01

Percentage of Shares Shorted

3.27% of the outstanding shares of Alcoa have been sold short.

Short Interest Ratio / Days to Cover

Alcoa has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Alcoa has recently decreased by 3.98%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.59

News Sentiment

Alcoa has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Alcoa this week, compared to 11 articles on an average week.

Search Interest

105 people have searched for AA on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days.

MarketBeat Follows

Only 11 people have added Alcoa to their MarketBeat watchlist in the last 30 days. This is a decrease of -21% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Alcoa insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,009,335.00 in company stock.

Percentage Held by Insiders

Only 1.08% of the stock of Alcoa is held by insiders.

Percentage Held by Institutions

82.39% of the stock of Alcoa is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AA Stock Analysis - Frequently Asked Questions

How have AA shares performed this year?

Alcoa's stock was trading at $34.00 at the beginning of 2024. Since then, AA shares have increased by 11.3% and is now trading at $37.84.
View the best growth stocks for 2024 here.

How were Alcoa's earnings last quarter?

Alcoa Co. (NYSE:AA) posted its earnings results on Wednesday, October, 16th. The industrial products company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.23 by $0.34. Alcoa's revenue was up 11.6% compared to the same quarter last year.

Does Alcoa have any subsidiaries?

Alcoa subsidiaries include RTI International Metals Inc., TITAL, Firth Rixson, Orkla, Traco, Alcan, Baco Consumer Products, and more.

Who are Alcoa's major shareholders?

Top institutional shareholders of Alcoa include Mountaineer Partners Management LLC (4.18%), State Street Corp (3.70%), Geode Capital Management LLC (1.62%) and ARGA Investment Management LP (0.90%). Insiders that own company stock include Roy Christopher Harvey, William F Oplinger, Renato Bacchi, Tammi A Jones, Jeffrey D Heeter, Harden Sonya Elam, John D Slaven and Molly S Beerman.
View institutional ownership trends.

How do I buy shares of Alcoa?

Shares of AA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Alcoa own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Alcoa investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Verizon Communications (VZ), Humana (HUM), American Water Works (AWK) and Tesla (TSLA).

Company Calendar

• Last Earnings: 10/16/2024
• Ex-Dividend for 11/15 Dividend: 10/29/2024
• Dividend Payable: 11/15/2024
• Today: 12/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Primary aluminum
• Sub-Industry: Aluminum
• Current Symbol: NYSE:AA
• CUSIP: 01381710
• CIK: 1675149
• Web: www.alcoa.com
• Phone: (412) 315-2900
• Fax: N/A
• Employees: 13,600
• Year Founded: 1888

Price Target and Rating

• Average Stock Price Target: $46.73
• High Stock Price Target: $58.00
• Low Stock Price Target: $36.00
• Potential Upside/Downside: +23.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.73
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.76)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 42.04
• P/E Growth: 0.79
• Net Income: $-651,000,000.00
• Net Margins: -2.65%
• Pretax Margin: -1.14%
• Return on Equity: -1.45%
• Return on Assets: -0.56%

Debt

• Debt-to-Equity Ratio: 0.47
• Current Ratio: 1.41
• Quick Ratio: 0.80

Sales & Book Value

• Annual Sales: $11.00 billion
• Price / Sales: 0.89
• Cash Flow: $1.22 per share
• Price / Cash Flow: 31.09
• Book Value: $32.75 per share
• Price / Book: 1.16

Miscellaneous

• Outstanding Shares: 258,355,000
• Free Float: N/A
• Market Cap: $9.78 billion
• Optionable: Optionable
• Beta: 2.44